NAT - Nordic American Tankers offloads one more vessel

Nordic American Tankers (NYSE:NAT) has agreed to sell another 2002 built vessel to a first class reputable buyer; net price for NAT is about ~$15M/vessel, in total ~$45M. The vessel will be delivered to its new owners before the end of March; sales reduce the NAT debt.  The position of NAT has been further enhanced through two valuable long-term contracts for the company's two new-buildings for delivery by mid-2022. The value of these contracts are well in excess of $100M, improving the NAT cash flow, profitability and solidity.

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Nordic American Tankers offloads one more vessel